We get htis a lot on our site the answer to Why Did I Lose Money Transferring From Etoro To Binance….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t wish to choose what you really wish to invest and you want someone to do it for you there’s just a couple of ways that that can occur the firstly you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are created once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not just presume because i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you really get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so certainly your capital is at threat and we have to bear that in mind do not just do something since that person has actually said they’ve made earnings 14 months in a row buy these choices due to the fact that you believe is the ideal ones for you and that being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
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popular for it’s the choice to see what other traders are doing incredible we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can really state i want to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially every time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that implies if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved really important you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero cost websites then might not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you in fact start investing in copy trading or copy portfolios and finally some best guidance best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s kick off with costs really crucial to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling alright so commission charges are totally free however there are a couple of other charges the first one is withdrawal fees so you can certainly put money in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say all right that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those options that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you know depends totally how you’re investing however that is a fee to bear in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and two open market anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they actually offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state give me us dollars rather you need to pay their charges now the fantastic aspect of though when you have actually transformed your money you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent utilizing that part of their site will not definitely limit you in any way nevertheless we have to be aware of 2 other charges the very first being what’s called spread fees alright and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the financial investment platform between the buy price and the sale price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really indicates that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the current cost of tesla is the value of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread out fees it’s generally extremely small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit money now the last feat is called an
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overnight cost now this is truly crucial if you’re in fact utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell deal in the exact same day okay there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re in fact purchasing the precise property instead of utilizing take advantage of anyway you won’t get hit with these costs however these fees are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the assistance section this isn’t the overnight costs details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some additional charges of course depending upon what you are investing in too this is on your own so keep that in mind however complete charges are totally within their assistance information all right and we spoke about along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of actually utilizing these copy functions they do not have any extra fees on top of the normal costs that
are there now what you need to remember though is these possibly managed by other people completely or often have created portfolios you’ve got a genuine individual doing the management you have to make sure you choose the individual that’s right for you similar to any line of work this is your financial properties so we absolutely require to ensure it’s the right person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of various choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is an excellent alternative for you again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it obviously you might have missed out on gains and losses during that time naturally if you had invested your genuine cash it allows you to develop confidence understand the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i indicate by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply indicates am i okay with possibly losing an excellent quantity of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 people will lose money but that similarly suggests they’ll lose at some point in their journey undoubtedly individuals do make money as well and i’ve got videos all about how you can make certain you’re one of the people to actually generate income however in this scenario make sure you research study your risk level would you be all right providing your money to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too really easily over here you can copy individuals now it will offer you a lot of choices and you can use the system to really search for somebody that you fancy really following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has met that criteria and it does provide you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so in fact for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Why Did I Lose Money Transferring From Etoro To Binance.
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